JAMB Economics Past Questions & Answers - Page 278

1,386.

The sector that employs the largest proportion of the active labour force in Nigeria is the

A.

Oil sector

B.

Federal civil services

C.

Financial sector

D.

Agricultural sector

Correct answer is D

No explanation has been provided for this answer.

1,387.

Which of the following can have their shares quoted on the stock exchange?

A.

Public corporations

B.

A partnership

C.

A consumer corporative

D.

A public limited liability company

Correct answer is D

No explanation has been provided for this answer.

1,388.

One form of business organization which is not motivated solely by the profit objective is the

A.

Joint stock company

B.

Private limited company

C.

Cooperative society

D.

Ordinary partnership

Correct answer is C

No explanation has been provided for this answer.

1,389.

Liquidation of limited liability company implies that the

A.

Company may not pay its debt

B.

Debts of the company can only be paid from its own assets

C.

Debts of the company are paid from both business and private funds of the owners

D.

Debts of the company musts be paid from public funds only

Correct answer is B

No explanation has been provided for this answer.

1,390.

Unlike the retailer, the wholesaler provides

A.

Useful information to the manufacturer about consumer's taste

B.

After-sales services to the consumers

C.

Useful information to the consumers on the benefits and uses of the product

D.

Useful information about market trends and finance to the manufacturer

Correct answer is D

No explanation has been provided for this answer.